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Silicon Motion pursuing MaxLinear for damages

Silicon Motion pursuing MaxLinear for damages

Posted Date: 2023-08-18

The money and share deal price almost $4 billion was introduced final Could and repudiated in July by MaxLinear who quoted “a cloth adversarial impact” as its purpose for killing the deal.Silicon Motion pursuing MaxLinear for damages

Yesterday, Silicon Movement said:  “MaxLinear’s professed purpose is a pretext and has been rejected in case after case below Delaware legislation, which governs the MAE situation, the place patrons have sought to again out of merger agreements on the eleventh hour,”

The settlement set the termination payment at $160 million with the proviso it  may very well be decreased to $120 million in some circumstances.

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